The absolute general law of capitalist accumulation is what “our pamphleteer” overlooked.. Our pamphleteer overlooks two things: The greater the social wealth, the functioning capital, the extent and energy of its growth, and, therefore, also the absolute mass of the proletariat and the productiveness of its labour, the greater is the industrial reserve army. The […]
Israel Pays For Bibi’s Successful Campaign Against The JCPOA Iran Nuclear Agreement In the last few days for the first time in many years, northern Israel has been on the receiving end of rockets fired out of southern Lebanon, the territory under the control of the Shia Hezbollah group long supported by Iranian interests, although […]
on Surge in Imports of Industrial Supplies and Materials, Commenter/Blogger RJS at MarketWatch 666 US trade deficit was at a record high in June after rising by 6.7% from May, as the value of both our exports and our imports increased, but our imports increased by nearly five times as much . . . the Commerce Department report […]
The American Right Schmoozes Hungary’s Orban Fox News’s biggest star, Tucker Carlson, is broadcasting this week from Budapest where a political festival is happening under the aegis of Hungarian leader, Victor Orban. As observers have noted, Orban has engaged in a gradual process of turning Hungary from a functioning EU democracy into an authoritarian state […]
Initial jobless claims continue in range, while continuing claims sharply decline Initial jobless claims declined another 14,000 this week to 385,000, still 17,000 above their best pandemic levels of 368,000 set on June 26 and July 10. The 4 week average of claims declined by 250 to 394,000, also 9,500 above its pandemic low set […]
What Does Vaccine Effectiveness Mean? by Peter Dorman When technical specialists adopt an everyday word, they often give it a meaning that differs from its everyday use. This can be misleading for nonspecialists, especially when little effort is made to explain the difference. A well-known example is “significance”, which means one thing when used in […]
June personal income and spending show pandemic cushion approaching depletion How well personal income and spending held up throughout the pandemic is one of the best things about the government response. For June, nominal personal income increased 0.1%. After inflation, however, it decreased -0.4%. Nominal personal spending increased 1.0%. After inflation, it still increased 0.5%. […]
An assortment of informational articles arriving at my in-box which I have reviewed and found to be interesting. Quite a bit of healthcare this time which I believe can be accessed by readers at Angry Bear. Tennessee won’t incentivize Covid shots — but pays to vax cows – POLITICO, August 2021 NASHVILLE, Tenn. — Tennessee […]
EconoSpeak: Socially Ambivalent Labour Time VII: Capital volume 1, chapters one and three. Sandwichman, July 30, 2021 Afterword to the Second German Edition [of Das Kapital, Buch 1] (1873): I must start by informing the readers of the first edition about the alterations made in the second edition. One is struck at once by the clearer […]